A Total Of 19,500 Crore Has Been Transferred To Over 9.75 Crore Farmers, Under The PM-Kisan Scheme

A Total Of 19,500 Crore Has Been Transferred To Over 9.75 Crore Farmers, Under The PM-Kisan Scheme

Highlights:

  • PM Modi released the 9th instalment of the PM Kisan Samman Nidhi Scheme via video conferencing. 
  • During the event, PM Modi also met with farmer beneficiaries.
  • The funds were deposited directly to the beneficiaries’ bank accounts.

Under the government’s PM-KISAN scheme, Prime Minister Narendra Modi virtually disbursed nearly Rs 19,500 crore to over 9.75 lakh farmers on Monday.

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) initiative has so far distributed nine payments totalling over Rs 1.57 lakh crore to farmer families.

Following the payment, the Prime Minister met with participants of the scheme from all over the country.

Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, eligible beneficiary farmer families receive an annual financial benefit of Rs 6,000, payable in three equal four-monthly instalments of Rs 2,000 each.

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The programme was announced in the February 2019 Budget. The first instalment covered the months of December 2018 and March 2019. The payments are promptly transferred into the bank accounts of the recipients.

Agriculture Minister Narendra Singh Tomar, speaking at the virtual event in the presence of the Prime Minister, stated that the central government had given nearly Rs 1.37 lakh crore to around 11 crore beneficiaries under the scheme before the ninth instalment.

The government has linked 2.28 crore PM-KISAN recipients to the Kisan Credit Card scheme, which has allowed them to access loans worth up to 2.32 lakh crore so far.

He further stated that despite the obstacles of Covid-19, the farmers worked hard and ensured bumper production last year. Due to the farmers’ continued efforts, a higher yield is projected in the coming days.

Tomar, who expressed concern over the shortage of edible oils and pulses, said the government is concentrating on increasing domestic production through a variety of programmes to reduce the country’s reliance on imports.

State ministers and officials in attendance included Union Ministers of State for Agriculture Kailash Choudhary and Shobha Karandlaje, as well as Agriculture Secretary Sanjay Aggarwal.

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Swastika Dubey

Swastika Dubey is a content writer who has a keen interest in politics, fashion, and lifestyle. She is a post-graduate in Economics and loves to listen to classic old Hindi songs and travel to new places in her leisure time. Her writing is well researched, covering important aspects and core of the topic covering crucial points.

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